Korea Looking to Secure U.S. Shale Gas for Potential LNG Supplies
Posted on May 14, 2012 in LNG Exports, Markets and Competition | Comments Off on Korea Looking to Secure U.S. Shale Gas for Potential LNG Supplies
To help supply its domestic energy needs, Korea National Oil Corporation is considering investing in U.S. shale gas companies as a possible source of LNG for its home market. Read more in...
Sabine Pass to Begin Initial Site Preparation for LNG Export Facilities
Posted on May 11, 2012 in Federal Regulation, LNG Exports | Comments Off on Sabine Pass to Begin Initial Site Preparation for LNG Export Facilities
Yesterday FERC granted authorization to Sabine Pass to begin initial site preparation for the construction of LNG liquefaction and export facilities at its existing import terminal in Cameron Parish, La. FERC’s authorization can be found in the eLibrary under Docket No....
Report: JVs and Partnerships May Help Canadian Companies Accelerate LNG Export Development
Posted on May 11, 2012 in LNG Exports | Comments Off on Report: JVs and Partnerships May Help Canadian Companies Accelerate LNG Export Development
According to a new report from Ernst & Young, Canadian companies are at risk of losing potential LNG export market share in Asia. Since LNG terminal projects can be costly and risky undertakings for individual companies, the report recommends that Canadian companies pursue joint ventures and partnerships to expedite the development of LNG export...
U.S. Export-Import Bank Authorizes Loan for U.S. Exports to Australia Pacific LNG Project
Posted on May 10, 2012 in Financing, Liquefaction | Comments Off on U.S. Export-Import Bank Authorizes Loan for U.S. Exports to Australia Pacific LNG Project
Earlier this week, the Export-Import Bank of the United States authorized a $2.95 billion loan to support U.S. exporters seeking to sell goods and services to the Australia Pacific LNG project at Curtis Island in Australia. The Bank’s press release notes that ConocoPhillips and Bechtel International will be the principal exporters for this project and that the loan will support...
Downeast LNG President Says Project Developed for “Tomorrow’s Market”
Posted on May 10, 2012 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Downeast LNG President Says Project Developed for “Tomorrow’s Market”
Speaking to the Maine Public Broadcasting Network, Downeast LNG President Dean Girdis said that his company’s LNG import proposal is contemplated for “tomorrow’s market” due to the long permitting and construction timeframes for LNG regasification terminals. He also noted that New England may need imported LNG to satisfy “potentially a billion cubic feet...